GLOBAL PULSE OXIMETER MARKET FORECAST 2019-2028

The global pulse oximeter market is anticipated to grow at a CAGR of 5.88% between 2019 and 2028, and is anticipated to generate revenue of $2.70 billion by 2028. Pulse oximeters deal in the measurement of vital health parameters, such as respiratory rate, heart rate, and the level of oxygen in the blood. For instance, someone infected with the novel Coronavirus may not experience difficulty in breathing, but there might be a drop in the blood oxygen level. In such cases, the pulse oximeter allows one to estimates the saturation of oxygen in the blood.

Key factors that are responsible for the global pulse oximeter market growth are:

  • Increasing healthcare expenditure
  • Rising geriatric population
  • Surging demand for portable monitoring devices
  • Growing occurrence of respiratory diseases

Global Pulse Oximeter Market

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The important drivers increasing the growth of the global pulse oximeter market are the rising geriatric population and the growing occurrence of respiratory diseases. The increase in the elderly population constantly increases the burden on healthcare systems worldwide, due to the high prevalence of COPD and other associated disorders, thereby promoting the market growth. The growing prevalence of sleep apnea, chronic obstructive pulmonary disease, cardiac arrhythmia, and other respiratory ailments are anticipated to drive the market growth.

In 2019, the majority of the revenue share was captured by table-top/bedside pulse oximeter in terms of the global pulse oximeter market by type, and the fingertip pulse oximeter is anticipated to be the fastest-growing type segment. Bedside pulse oximeters provide precise and accurate readings. Fingertip pulse oximeters are used in all healthcare settings, including homecare, clinical settings, and hospitals. Though the device is easy-to-use, it may be challenging for new users. Right calibration, reading, and interpretation are important to extract full information and use of the device.

The lack of awareness regarding the usages of the pulse oximeter and compromised quality devices due to price erosion are the major factors hindering the global pulse oximeter market growth. Most of the professionals and clinicians in low- and middle-income countries adopt traditional methods of patient monitoring due to their low cost. The presence of smaller players in the developing countries offers low cost, and compromised quality devices. This might hamper the credibility of the large industry players.

The report on the global pulse oximeter market includes the segmentation analysis of type and end-user.

Type is segmented into:

  • Pediatric Pulse Oximeter
  • Wrist-worn Pulse Oximeter
  • Bedside/ Table-top Pulse Oximeter
  • Fingertip Pulse Oximeter
  • Handheld Pulse Oximeter

End-user is segmented into:

  • Hospitals and other healthcare facilities
  • Homecare

Geographically, the global pulse oximeter market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, France, Italy, Russia, Poland Belgium, the United Kingdom, and Rest of Europe
  • Asia Pacific: China, Thailand, Japan, South Korea, India, Vietnam, Indonesia, Australia & New Zealand, and Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa

In terms of geography, North America dominated the market in 2019. The pulse oximeter market trend in North America is expected to hold the largest share by 2028, and the Asia Pacific region is projected to record fast-paced growth during the forecast period. COPD is the third leading cause of death in the U.S., after cancer and heart disease. North America has a high prevalence of PAD, with almost 12 million people affected by it. Pulse oximetry is the most common and effective diagnostic test used for determining the severity of respiratory impairment.

The Asia Pacific region offers rewarding opportunities for organizations operating in the pulse oximeters market due to the increasing disposable incomes, its high populace base, and improvement in patient awareness about advanced pulse oximeters. These factors are anticipated to drive the pulse oximeter market in the region.

The major market players of the global pulse oximeter market are:

  • Becton, Dickinson and Company
  • GE Healthcare
  • Invacare Corp
  • Koninklijke Philips NV
  • Medtronic Plc
  • Others

Key strategies adopted by some of the pulse oximeter companies:

In March 2020, Medtronic announced the positive outcomes of the Onyx ONE Clear Study that assessed Resolute Onyx DES in high bleeding risk patients with a one-month dual antiplatelet treatment in Japan and the United States. Moreover, in March 2020, GE announced the conclusion of the sale of its BioPharma business to Danaher for nearly $20 billion of net profits.

Key findings of the global pulse oximeter market:

  • The trend of early diagnosis of a patient’s deteriorating health condition drives the market growth.
  • The government initiatives and the availability of new products are beneficial for market growth,
  • There has been a rising number of surgeries and an emphasis on patient safety.
  • Pulse oximeters aid in tracking the health status of a patient in-home setting.
  • The table-top/bedside pulse oximeter is the highest revenue-generating oximeter in the type segment.

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. MARKET DEFINITION
    2.    KEY DRIVERS
      1. INCREASING HEALTHCARE EXPENDITURE
      2. RISING GERIATRIC POPULATION
      3. SURGING DEMAND FOR PORTABLE MONITORING DEVICES
      4. GROWING OCCURRENCE OF RESPIRATORY DISEASES
    3.    KEY RESTRAINTS
      1. LACK OF AWARENESS REGARDING THE USAGE OF PULSE OXIMETER
      2. COMPROMISED QUALITY DEVICES DUE TO PRICE EROSION
  4. KEY ANALYTICS
    1.    PORTER’S FIVE FORCE ANALYSIS
      1. THREAT OF NEW ENTRY
      2. THREAT OF SUBSTITUTION
      3. BUYER’S POWER
      4. SUPPLIER’S POWER
      5. COMPETITIVE RIVALRY
    2. PESTLE ANALYSIS
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5. KEY INVESTMENT INSIGHT
    6. USAGE OF PULSE OXIMETER FOR COVID-19 MONITORING
  5. MARKET BY TYPE
    1. TABLE-TOP/BEDSIDE PULSE OXIMETER
    2. FINGERTIP PULSE OXIMETER
    3. HANDHELD PULSE OXIMETER
    4. PEDIATRIC PULSE OXIMETER
    5. WRIST-WORN PULSE OXIMETER
  6. MARKET BY END-USER
    1. HOSPITALS AND OTHER HEALTHCARE FACILITIES
    2. HOMECARE
  7. GEOGRAPHICAL ANALYSIS
    1.    NORTH AMERICA
      1. THE UNITED STATES
      2. CANADA
    2.    EUROPE
      1. THE UNITED KINGDOM
      2. GERMANY
      3. FRANCE
      4. ITALY
      5. RUSSIA
      6. BELGIUM
      7. POLAND
      8. REST OF EUROPE
    3.    ASIA PACIFIC
      1. CHINA
      2. JAPAN
      3. INDIA
      4. AUSTRALIA & NEW ZEALAND
      5. SOUTH KOREA
      6. THAILAND
      7. INDONESIA
      8. VIETNAM
      9. REST OF ASIA PACIFIC
    4.    REST OF WORLD
      1. LATIN AMERICA
      2. MIDDLE EAST & AFRICA
  8. COMPANY PROFILES
    1. BECTON, DICKINSON AND COMPANY
    2. CAS MEDICAL SYSTEMS
    3. GE HEALTHCARE
    4. INVACARE CORP
    5. KONINKLIJKE PHILIPS NV
    6. MASIMO
    7. NIHON KOHDEN CORPORATION
    8. NONIN MEDICAL INC
    9. OMRON CORPORATION
    10. OPTO CIRCUITS
    11. SMITHS MEDICAL INC
    12. SPACELABS HEALTHCARE
    13. WELCH ALLYN
    14. MEDTRONIC PLC
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – PULSE OXIMETER

TABLE 2: GLOBAL PULSE OXIMETER MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL PULSE OXIMETER MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: GLOBAL TABLE-TOP/BEDSIDE PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL TABLE-TOP/BEDSIDE PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: GLOBAL FINGERTIP PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL FINGERTIP PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL HANDHELD PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL HANDHELD PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: GLOBAL PEDIATRIC PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL PEDIATRIC PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: GLOBAL WRIST-WORN PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL WRIST-WORN PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 14: GLOBAL PULSE OXIMETER MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL PULSE OXIMETER MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: GLOBAL HOSPITALS AND OTHER HEALTHCARE FACILITIES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL HOSPITALS AND OTHER HEALTHCARE FACILITIES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 18: GLOBAL HOMECARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL HOMECARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 20: GLOBAL PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 22: NORTH AMERICA PULSE OXIMETER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: NORTH AMERICA PULSE OXIMETER MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 24: EUROPE PULSE OXIMETER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: EUROPE PULSE OXIMETER, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 26: ASIA PACIFIC PULSE OXIMETER, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: ASIA PACIFIC PULSE OXIMETER, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 28: REST OF WORLD PULSE OXIMETER MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: REST OF WORLD PULSE OXIMETER MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

FIGURE 2: OPPORTUNITY MATRIX

FIGURE 3: VENDOR LANDSCAPE

FIGURE 4: GLOBAL PULSE OXIMETER MARKET, BY TYPE, IN 2019

FIGURE 5: GLOBAL PULSE OXIMETER MARKET, BY TABLE-TOP/BEDSIDE PULSE OXIMETER, 2019-2028 (IN $ MILLION)

FIGURE 6: GLOBAL PULSE OXIMETER MARKET, BY FINGERTIP PULSE OXIMETER, 2019-2028 (IN $ MILLION)

FIGURE 7: GLOBAL PULSE OXIMETER MARKET, BY HANDHELD PULSE OXIMETER, 2019-2028 (IN $ MILLION)

FIGURE 8: GLOBAL PULSE OXIMETER MARKET, BY PEDIATRIC PULSE OXIMETER, 2019-2028 (IN $ MILLION)

FIGURE 9: GLOBAL PULSE OXIMETER MARKET, BY WRIST-WORN PULSE OXIMETER, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL PULSE OXIMETER MARKET, BY END-USER, IN 2019

FIGURE 11: GLOBAL PULSE OXIMETER MARKET, BY HOSPITALS AND OTHER HEALTHCARE FACILITIES, 2019-2028 (IN $ MILLION)

FIGURE 12: GLOBAL PULSE OXIMETER MARKET, BY HOMECARE, 2019-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA PULSE OXIMETER MARKET, COUNTRY OUTLOOK, 2019 & 2028  (IN %)

FIGURE 14: THE UNITED STATES PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 15: CANADA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 16: EUROPE PULSE OXIMETER MARKET, COUNTRY OUTLOOK, 2019 & 2028  (IN %)

FIGURE 17: THE UNITED KINGDOM PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: GERMANY PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: FRANCE PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: ITALY PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: RUSSIA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: BELGIUM PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: POLAND PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: REST OF EUROPE PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC PULSE OXIMETER MARKET, COUNTRY OUTLOOK, 2019 & 2028  (IN %)

FIGURE 26: CHINA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: JAPAN PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: INDIA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: AUSTRALIA & NEW ZEALAND PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: SOUTH KOREA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: THAILAND PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: INDONESIA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: VIETNAM PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: REST OF ASIA PACIFIC PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: REST OF WORLD PULSE OXIMETER MARKET, REGIONAL OUTLOOK, 2019 & 2028  (IN %)

FIGURE 36: LATIN AMERICA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: MIDDLE EAST & AFRICA PULSE OXIMETER MARKET, 2019-2028 (IN $ MILLION)

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